Overview:

Fraud Risk & Investigative Practices is a practice-oriented executive education course designed to equip professionals with the capability to identify, assess, and investigate fraud risks within organisations before they escalate into major financial, legal, or reputational consequences. Rather than focusing solely on post-fraud litigation or technical forensic specialisation, the course adopts a risk-first and investigation-driven approach. Participants learn how fraud manifests in real organisational settings, how early warning signs are embedded in financial statements, transactions, and operational data, and how structured investigative thinking can be applied under conditions of uncertainty.

The course emphasizes investigative accounting practices, enabling participants to move beyond surface-level red flags and apply disciplined professional judgment. Using a structured investigative framework, participants learn how to formulate hypotheses, analyse financial and transactional information, identify anomalies, evaluate evidence, and document findings suitable for management, audit committees, and other stakeholders.

Recognising that fraud is not purely a technical issue, the course also addresses the human and behavioral dimensions of fraud, including management override, incentive pressures, whistleblower handling, investigator bias, and ethical decision-making. Participants gain insight into how governance failures and organisational culture influence fraud risk and investigative outcomes.

To reflect modern fraud realities, the course introduces applied data analytics for fraud risk and investigation, focusing on no-code, concept-driven analytical techniques for identifying patterns and inconsistencies. It also covers cyber-enabled fraud risks, such as digital payment fraud and system access abuse, from an investigators perspective, emphasising coordination with IT and legal teams. It also focuses on legal awareness in fraud investigations, covering legal boundaries, documentation discipline, privilege considerations, and escalation protocols, without turning the course into a legal training program.

By the end of the course, participants will be able to conduct preliminary fraud risk assessments and investigative reviews, apply structured investigative practices, interpret analytical outputs, manage sensitive fraud-related situations, and communicate findings responsibly while understanding the limits of their role and when specialist intervention is required.

Learning Outcomes:

• Identify and assess fraud risks across financial statements, transactions, and operational processes using a structured, risk-based approach.

• Apply investigative accounting techniques to develop hypotheses, analyse anomalies, and evaluate evidence in preliminary fraud investigations.

• Distinguish between fraud risk, accounting irregularities, and proven misconduct, and exercise sound professional judgment under conditions of uncertainty.

• Use applied, no-code data analytics techniques to support fraud risk assessment and investigative decision-making.

• Recognise and respond to cyber-enabled fraud risks from an investigative perspective, including effective coordination with IT and legal functions.

• Document and communicate investigative findings clearly and responsibly to management and governance stakeholders, while understanding legal boundaries and escalation requirements.

• Operate within legal and governance boundaries, including documentation discipline, confidentiality and privilege awareness, and appropriate escalation/reporting to management, audit committees, or legal counsel.

Course Outline

Abdul Rauf

FCA, EMBA
Founder & CEO
Bizware Private Limited
Adjunct Faculty at SDSB (LUMS)

Abdul Rauf is a Fellow Chartered Accountant (FCA) from the Institute of Chartered Accountants of Pakistan (ICAP) and holds an Executive MBA. With over 20 years of experience in business advisory, professional consulting, and education, he serves as the Founder and CEO of Bizware Private Limited, a provider of business and financial management solutions, and Evolve Learning Hub, an innovative education enterprise pioneering live, simulation-based learning for accounting and finance professionals.

Haris Hafeez

FCA

Haris Hafeez is an experienced governance, risk, and compliance professional with over 19 years of professional experience. He brings extensive practical experience in designing, implementing, and operating anti-fraud programs within complex corporate environments. Haris has led and supervised investigations of alleged fraud incidents, including asset misappropriation, procurement irregularities, and whistleblower complaints, and has experience in evidence evaluation, documentation, and reporting to senior management and audit committees.

Application Process:

Participants must register online through the CES website by clicking on their desired course and filling out a one-page form. Before starting the registration process, please ensure that you have the following:

- A passport-sized photograph for the CES smartcard. It should be against a white background.

- Correct CNIC details.

Incorrect information provided during the registration process will lead towards cancellation of your enrolment at any stage, and participants will not be entitled to claim a refund.

Once you have completed your online registration, you may proceed to the payment section. You have two options:

1. Pay online using your bank debit/credit cards through LUMS online payment system??https://pay.lums.edu.pk/

2. Download the fee voucher and deposit cash in any branch of the designated banks specified on the fee voucher.

Once the payment has been made, you will receive a confirmation email within 24 to 48 working hours, and your payment status will be updated to "ENROLLED" in the online application portal.

Installment:

KalPay Taleem offers monthly installments for all CES on-campus courses and workshop fees. For more details, contact via WhatsApp at 0328 3044414 (working hours - 9:30 AM to 6:00 PM), or visit taleem.portal.kalpayfinancials.com/sign-up to apply!

Note: CES may cancel or postpone a course due to insufficient enrolment or unforeseen circumstances. In this case, the university will refund registration/processing fee (if any) but will not be responsible for any other related charges/expenses including cancellation/change charges by airline and travel agencies.

Please go through Policies & Code of Conduct